Complete the following table using the perpetual LIFO method of inventory flow: Purchases Cost of Goods Sold
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Question:
Complete the following table using the perpetual LIFO method of inventory flow:
Purchases | Cost of Goods Sold | Inventory | |||||||||
Date | Qty. | Unit Cost | Total Cost | Qty. | Unit Cost | Total Cost | Qty. | Unit Cost | Total Cost | ||
July 2 | 600 | $12.00 | $ | $ | $ | ||||||
$ | $ | ||||||||||
5 | 200 | $13.00 | $ | $ | $ | ||||||
200 | $ | $ | |||||||||
7 | 100 | $ | $ | $ | $ | ||||||
$ | $ | ||||||||||
10 | 325 | $14.00 | $ | $ | $ | ||||||
325 | $ | $ | |||||||||
12 | 125 | $ | $ | $ | $ | ||||||
$ | $ | ||||||||||
18 | 250 | $13.00 | $ | $ | $ | ||||||
22 | 250 | $ | $ | ||||||||
5 | $ | $ | $ | $ | |||||||
25 | 300 | $ | $ | $ | $ | ||||||
$ | $ | ||||||||||
28 | 330 | $15.00 | $ | $ | $ | ||||||
$ | $ | ||||||||||
31 | 75 | $ | $ | $ | $ | ||||||
31 | Bal. | $ | $ |
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